Maria Aspan is a senior editor at Inc. magazine, where she runs the Money section. She was previously a senior editor at American Banker, where she won multiple "Best in Business" awards for feature writing and breaking news reporting from the Society of American Business Editors and Writers. She has also worked for Thomson Reuters and The New York Times.

Mark Cuban found himself on the sidelines of controversy last month, when the NBA banned Los Angeles Clippers owner Donald Sterling for life over racist comments. Now in a video interview with Inc., Cuban weighs in on what he does to combat the bigotry and racism he comes across as a manager and an owner.

That’s an internal battle as well, he acknowledges: "If I see a black kid in a hoodie and it’s late at night, I’m walking to the other side of the street. And if on that side of the street, there’s a guy that has tattoos all over his face--white guy, bald head, tattoos everywhere--I’m walking back to the other side of the street," he says.

“I know that I’m not perfect,” he adds. “While we all have our prejudices and bigotries, we have to learn that it’s an issue that we have to control, that it’s part of my responsibility as an entrepreneur to try to solve it, not just to kick the problem down the road.”

Last month, the often-outspoken Cuban condemned Sterling's comments as "abhorrent" and "obviously racist." He initially opposed calls to ban Sterling from the NBA, saying it would be a "very slippery slope" if the league forced an owner to sell the team.

For a clip from my interview with Cuban at Inc.'s GrowCo Conference in Nashville, watch below.

Mark Cuban's Shockingly Honest Take on Racism Today

The veteran entrepreneur opens up about his own views on racism and what he calls the "price of progress".